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  • 13 February 2018
    Business & Finance

    Cosco Shipping Leasing is to raise USD 318.2 million through the issuance of asset-backed securities.

  • 30 December 2013

    Sterling Resources Ltd. has announced the restart of production from the RWE Dea-operated Breagh gas field in the UK part of the North sea, on December 27, 2013. This follows a period of approximately seven weeks shut-in as a result of a significant production incident on November 7th, as reported earlier. The investigation into the production incident continues with an expected […]

  • 29 November 2016

    JBA Consulting’s metocean planning and forecasting software, ForeCoast® Marine, has been employed during the first phase of offshore construction of the Rampion offshore wind farm, which ended earlier this month. Following an initial foundation construction campaign between January and March 2016, which was heavily affected by adverse weather early on, and a planned suspension of works due […]

  • 14 November 2017
    Business & Finance, Operations & Maintenance

    Norwegian vessel owner Eidesvik Offshore has posted quarterly profit of NOK 29 million (approximately $3.5 million) or NOK 0.98 per share, against loss of NOK 148 million (approximately $18 million) or NOK 4.90 per share for the quarter that ended on September 30, 2016. Result for the first nine months of 2017 was profit of […]

  • 8 February 2018
    Business & Finance

    Norwegian engineering and construction services company Kvaerner recorded a profit in its fourth quarter 2017 as opposed to a loss in the prior-year period. 

  • 15 May 2015
    Business & Finance

    Taiwanese container carrier Evergreen Marine has steamed its way back to profit in the first quarter of 2015. The company recovered from a loss worth TWD 1.69 million from 2014 to a profit of TWD 1.53 million (USD 50,200). The rebounded results were mainly attributed to reduced operating costs. Taipei-listed liner said that its revenue has a slight […]

  • 24 October 2019
    Business & Finance, Operations & Maintenance

    Italian oilfield services player Saipem has reported third-quarter 2019 profit of €30 million on revenues of €2.23 billion. This result compares to net loss of €34 million on revenues of €2.26 billion in the prior-year comparable period. Adjusted result was net profit of €31 million, against €11 million profit in Q3 2018. Saipem reported Q3 […]

  • 10 May 2017
    Business & Finance, Equipment

    Geophysical contractor TGS has posted first-quarter 2017 net profit of $1.6 million, compared to net loss of $20 million in the same period in 2016. This comes down to quarterly earnings per share (fully diluted) of $0.02, against $0.20 loss per share same time last year. The Oslo-listed firm generated revenues of $86 million in […]

  • 19 March 2015
    Business & Finance

    Danish product tanker owner Nordic Shipholding A/S made a profit of USD 2.3 million in 2014 due to improved earnings and a one-off gain of USD 5.2 million arising from the reversal of impairment loss on Nordic Anne previously recognised, which was slightly above expectations, the company said.  Excluding this gain, the group incurred a net […]

  • 6 August 2014
    Business & Finance

    Tsakos Energy Navigation Limited (TEN) has  reported unaudited results for the second quarter and first six months of 2014.   TEN achieved net income of USD 14.8m in the first six months of 2014, a significant improvement over the first half of 2013 when the recorded net income was 0.5m. Operating income for the same period […]

  • 24 July 2018
    Business & Finance, Equipment, Operations & Maintenance

    Offshore services player Helix Energy Solutions has returned to profit in the second quarter of 2018 compared with the same period last year as activities increased in all divisions. Helix reported profit of $18 million, or 12 cents per diluted share, for the second quarter of 2018, compared to net loss of $6 million, or […]

  • 24 July 2019
    Business & Finance, Operations & Maintenance

    Seismic player Polarcus has bounced back in black when compared to second-quarter 2018 as revenues increased some 45 percent. The Oslo-listed company reported profit for the quarter ended June 30, 2019 of $600K, versus loss of $8.1 million in Q2 2018. For the first six months in 2019, Polarcus’ loss narrowed at $4.7 million on […]

  • 23 April 2019
    Business & Finance, Equipment, Operations & Maintenance

    Helix Energy Solutions has reported net income of $1.3 million, or $0.01 per diluted share, for the first quarter of 2019 compared to a net loss of $2.6 million for the same period in 2018. Sequentially, results improved from net loss of $13.7 million, or $(0.09) per diluted share. Helix reported Adjusted EBITDA of $30.2 […]

  • 28 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Ensco returned to profit during the fourth quarter of 2016 versus a net loss in the prior-year quarter as its revenues declined due to lower rig utilization.  The driller on Monday reported net profit attributable to Ensco of $39 million for the fourth quarter 2016, compared to a loss of $2.5 billion in […]

  • 27 June 2007

    If you were fortunate enough to see yesterday’s match, you were treated to an awesome display of America’s Cup racing. The lead passed from one team to the other, and then back again, and back yet again as mistakes were made in weather calls, on tactical decisions, and in boat handling. But for all that, […]

  • 16 June 2014

    Centrica said it purchased (through J.P. Morgan Securities) 750,000 Centrica plc ordinary shares at an average price of 326.412 pence per share. The highest price and the lowest price paid for these shares were 327.70 pence and 325.75 pence respectively. The purchased shares will be held as treasury shares. Centrica now holds 54,045,161 ordinary shares […]

  • 27 February 2013
    Business & Finance

    OutBack Power Technologies, Inc., a designer and manufacturer of advanced power electronics for renewable energy, backup power and mobile applications, today announced several of the marine organizations who use OutBack Power’s marine-grade power solutions to ensure peace of mind for mariners and boaters who depend on clean, reliable AC power during sea voyages. With OutBack’s […]

  • 8 August 2019
    Business & Finance

    Talos Energy bounced back to the black in the second quarter of 2019 on the back of higher revenues boosted by record production levels.

  • 15 July 2011
    Business & Finance

    The Liebherr Group benefited from the worldwide business recovery in the 2010 business year and resumed its growth. Total turnover rose by 626.0 million € or 9.0 % to 7,587.0 million €. This growth derived exclusively from the Group’s construction machinery area, in which it proved possible to increase sales revenues by 655.3 million € […]

  • 22 August 2014

    Centrica said that it purchased (through Barclays Bank) 750,000 Centrica ordinary shares at an average price of 317.1067 pence per share. The highest price and the lowest price paid for these shares were 318.00 pence and 316.30 pence respectively. The purchased shares will be held as treasury shares. Centrica now holds 58,363,242 ordinary shares in treasury […]

  • 15 June 2011

    A senior executive from Royal Dutch Shell PLC criticized government subsidies of renewable energy projects Wednesday, saying emissions tradi… (automatedtrader) [mappress] Source: automatedtrader, June 15, 2011;

  • 17 June 2014
    Project & Tenders

    LNG player Woodside said it has signed a binding buy-back agreement with Shell Australia to purchase 78.3 million Woodside shares from Shell via a selective buy-back at a price of US$2,680 million. This represents approximately 9.5% of Woodside’s issued share capital. The proposed buy-back price of US$2,680 million payable by Woodside is based on a share […]